Homeowners may be owed money in loan-mod scam

Are you a homeowner who has tried to modify a home loan through Coastal Home Solutions in San Diego?

You may be owed money.

Company owner Yvette Mercado, of Clairemont, pleaded guilty Wednesday to charging up-front fees for loan modifications, which is illegal in California.

The sentence was probation for three years, a $1,000 fine, 15 days of community service and $1,850 in restitution to victims.

The San Diego City Attorney’s office, the agency that brought forth charges against Mercado, 37, said Coastal Home Solutions, 4420 Rainier Avenue, promised to modify mortgages for up-front fees but never delivered.

If you think you're a victim, call (619) 533-5600 to file a claim with the City Attorney’s office.